Zero Hedge: Iran Hits Back

Zero Hedge points us to Iran's reminder to the world that this showdown isn't entirely one-sided.
Meanwhile, all that oil just finds different buyers.  That's just economics.

"...the fact that Europe will be even more bottlenecked in its crude supplies (good luck Saudi Arabia with that imaginary excess capacity), and which just may force the IEA to release some more of that strategic petroleum reserve (and thus give JPM some more free money on the replenishment arbitrage) will send Brent to $125-150 - something which Iran will be delighted by. That is of course unless some "experts" discover that Iran may or may not have a complete arsenal of shark with fricking nuclear warheads attached to their heads (despite what Paneta has already said) which gives the US the green light for a full blown incursion, which in turn will send oil over $200, and the world economy into a global coordinated re-depression."

All of this may eventually lead to oil transactions being broken away from the US Dollar.

That would lead to the likely loss of reserve status for the Dollar.

That would lead to the immediate full-stop of the American government's financial irresponsibility, which would lead to the end of handouts and entitlements.  Austerity, Greece-style.

Oh yeah.  And economic collapse.

That would likely lead to a nationwide scene reminiscent of -but far worse than- Katrina, L.A. ala Rodney King, and the Watts Riots.  The Greeks cannot hold a candle to Americans when it comes to getting stuff -either on sale or from mamma.gov- for almost nothing.

Just look at Black Friday...

I think that the US wil find a pretext -like nuclear sharks or radioactive bear cavalry, for example- to invade before things get "out of hand".

Meanwhile, Qui Bono?

Follow the money.Buyers like China, Russia, and India (I hear there's a potential India / Iran gold-for-oil deal in the works...).